Transatlantic Petroleum Ltd (AMEX:TAT) is set to announce second quarter earning results on Wednesday 12th August 2020, after market close.
Previous Quarter Performance
Transatlantic Petroleum Ltd posted loss for the first quarter of $ 0.38 per share, from the revenue of $ 8.36 million. The quarterly earnings while revenues declined 56.09 percent compared with the same quarter last year.
Street analysts expected . The bottom line results street analysts by $ 0 or , at the same time, top line results analysts by $ 9.96 million or .
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of TAT was $ 0.28, representing a 133.33 % increase from the 52 week low of $ 0.12 and a 66.67 % decrease over the 52 week high of $ 0.84.
The company has a market capital of $ 18.94 million and is part of the Energy sector and Oil & Gas E&P industry.
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TransAtlantic Petroleum Ltd., an oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties in Turkey and Bulgaria. As of December 31, 2018, it had interests in 5 onshore exploration licenses and 18 onshore production leases covering an area of 372,050 net acres with a total net proved reserves of 9,976 Mbbl of oil and 2,440 Mmcf of natural gas located in Turkey, as well as a production concession covering an area of approximately 162,500 net undeveloped acres located in Bulgaria. The company was incorporated in 1985 and is based in Addison, Texas.
